whether profit above 8% can be shown as per section 44AD?
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Whether profit above 8% can be shown as per section 44AD in returns?
Replies (2)
Quick Summary
Yes. audit is required when your profit is below 8%, but if your profit is more than 8% then you can file your ITR with 44AD keeping a check on T/O limits.
Sure , but turnover exceeds Rs .2 Crore for goods and 50 lakhs for services , you cannot .
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